Dan Ives, a well-known tech analyst at Wade Bush Securities, predicts that US tech stocks will rise 25% in 2024, and the NASDAQ is expected to reach 20,000 points. In a post on the first day of the new year, he wrote, “We believe that technology stocks will rise 25% in 2024, and the Nasdaq index will reach 20,000 points. This is our bullish scenario forecast because Wall Street is still seriously underestimating the speed at which the AI monetization cycle is playing a role in businesses in this sector.” The Nasdaq Composite Index closed at 15011.35 points on the last trading day of last year. If Ives's predictions are correct, then the index will have to rise 33% to reach the 20,000 point mark.

Dan Ives, a well-known tech analyst at Wade Bush Securities, predicts that US tech stocks will rise 25% in 2024, and the NASDAQ is expected to reach 20,000 points. In a post on the first day of the new year, he wrote, “We believe that technology stocks will rise 25% in 2024, and the Nasdaq index will reach 20,000 points. This is our bullish scenario forecast because Wall Street is still seriously underestimating the speed at which the AI monetization cycle is playing a role in businesses in this sector.” The Nasdaq Composite Index closed at 15011.35 points on the last trading day of last year. If Ives's predictions are correct, then the index will have to rise 33% to reach the 20,000 point mark.